The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for the successful implementation of its bank recapitalisation programme. In a policy brief released on Sunday in Lagos, the CPPE noted that 32 banks met the new capital requirements without disruptions or losses, describing the process as smooth and effective. However, CPPE Chief Executive Officer, Muda Yusuf, said the stronger capital base has yet to translate into meaningful support for the real economy. According to him, private sector credit remains at about 17 per cent of Gross Domestic Product (GDP), below regional and…
Author: Newsdesk
The Rolan Foundation has stepped up efforts to improve access to eye care services in the Federal Capital Territory (FCT), targeting at least 1,000 residents through a free medical outreach. Mr. Olorunisola Azeez, FCT Coordinator of the foundation, said the outreach, held on Saturday, included free eye screenings, distribution of eyeglasses and eye drops, as well as basic medical checks for beneficiaries aged 38 years and above. The initiative was implemented under the Abuja Vision Support Programme 2026, in collaboration with the Catholic Medical Mission Board (CMMB) and the FCT chapter of the Nigerian Optometric Association. Azeez explained that the…
Gov. Alex Otti of Abia says his administration remains committed to making all 948 primary healthcare centres (PHCs) across the state fully functional, with emphasis on quality standards and sustainability. Otti made the pledge on Friday night during a monthly media chat with journalists at the Government House, Umuahia. He said that although 200 PHCs had been completed, they would not be inaugurated until they are properly equipped and adequately staffed. He explained that the focus is not only on infrastructure but also on delivering functional health services to residents. “In the area of healthcare, we continue to functionalise the…
The Rotary Club of Ilorin Metro, the Kwara State Environmental Protection Agency (KWEPA) and the Rural Water Supply and Sanitation Agency (RUWASA) have agreed to partner to improve Water, Sanitation and Hygiene (WASH) in communities across the state. This was the resolution reached during a panel discussion organised by the Rotary Club on Saturday in Ilorin. In his address, the President of the Rotary Club of Ilorin Metro, Mr. Buhari Oladimeji, said the initiative aims to address the pressing issues of access to clean water and proper sanitation facilities, particularly in underserved areas. Oladimeji said there is a need for…
The Lagos Waste Management Authority (LAWMA) has trained highway sweepers on health and safety to enhance efficiency and reduce occupational risks. The Managing Director of LAWMA, Dr. Muyiwa Gbadegesin, disclosed this in a statement made available to reporters on Saturday in Lagos. Gbadegesin said the training was held along the Ikate–Elegushi corridor of the Lekki-Epe Expressway on Friday. He noted that the initiative underscores the authority’s commitment to the safety and wellbeing of frontline sanitation workers. Gbadegesin said the training focused on the proper use of Personal Protective Equipment (PPE), including gloves, masks and safety boots, as well as the…
Nigeria’s currency is showing early signs of stabilisation against the British pound, supported by ongoing reforms of the Central Bank of Nigeria (CBN) and improving macroeconomic fundamentals. The naira closed at N1,837/£1 at the official market on Wednesday, holding below the key psychological threshold of N1,900/£—a level analysts say has strengthened bullish sentiment around the local currency. Market indicators suggest the naira has retained much of its gains against the pound this year, following a period of heightened volatility. Reforms, reserves underpin stability The relative stability is largely attributed to policy tightening and structural reforms introduced under the CBN Governor,…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced on Thursday that 32 banks have met the revised minimum capital requirements under the ongoing recapitalisation programme. Speaking at Abuja’s Monetary Policy Forum, he hailed the “commendable” progress as a boost to financial resilience and Nigeria’s $1 trillion economy push. “This achievement strengthens our banking system’s capacity to mobilise long-term capital and support investment,” Cardoso said. Key reforms include risk-based capital rules, ending regulatory forbearance, curbing insider lending, and upgrading supervision via digital early-warning tools and cross-border oversight. Inflation slashed by aggressive tightening Headline inflation plunged from 34.8% in December 2024…
The Government Day Secondary School, Karu, has emerged winner of the Abuja Season 3 grand finale of the “I Beg to Differ” debate competition, clinching a cash prize of N3 million Naira. The competition, organised by Nigeria Info FM Abuja and officially sponsored by KIRA Ai, brought together top secondary schools across the Federal Capital Territory to showcase critical thinking, public speaking and civic engagement. Speaking at the event, the Programme Manager of Nigeria Info FM Abuja, Swat Duniah-Adalumo, described the season as impactful and innovative, noting that the organisers introduced a school-based format to deepen participation. “It has been…
The Independent National Electoral Commission (INEC) has extended the deadline for political parties to submit their members register to the commission for the 2027 general election. The commission disclosed this in a statement by National Commissioner and chairman, Information and Voter Education Committee, Mohammed Haruna, on Friday in Abuja. Haruna said that instead of the April 21 deadline, political parties now have until May 10, but not later than 21 days before the holding of their respective primaries. He said that the decision was reached following the commission meeting with the political parties on Tuesday. He said that the parties…
A fire has gutted the Ebonyi State Health Cold Store housing immunisation and solar units received from the National Primary Health Care Development Authority (NPHCDA). Dr. Moses Ekuma, Commissioner for Health, disclosed this while briefing journalists on the incident, which occurred in the early hours of Friday. The Commissioner said the destroyed facilities are worth over N100 million. “These include vaccines, vaccine carriers, cold chain boxes, laptops, documents, five refrigerators, two solar refrigerators, 45 solar batteries and inverters. “Others include hospital beds and foams received from the NPHCDA, Abuja, for distribution to local government areas (LGAs) next week,” he said.…